In order to build a successful hedge fund, it’s not enough to follow your intuition. It’s much wiser to follow a set of principles that will guide you and protect you from bad decisions. In his book, Ray Dalio divided those principles into life principles and work principles.
Like Ray Dalio says, life is about meaningful work and meaningful relationships. And his book is going to teach you how to have both.
“I learned that if you work hard and creatively, you can have just about anything you want, but not everything you want. Maturity is the ability to reject good alternatives in order to pursue even better ones.”
“If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential.”
“Look for people who have lots of great questions. Smart people are the ones who ask the most thoughtful questions, as opposed to thinking they have all the answers. Great questions are a much better indicator of future success than great answers.”